Friday, October 4, 2013

Oct 4 2013

Low activity day, slightly above flat. Uneven week, what with all the Washington hoopla. Still above the water though.

Session Time: Fri Oct 04 00:00:00 2013
[08:13] {nemo} From such crooked wood as that which man is made of, nothing straight can be fashioned. ~ Kant
[08:25] {fish_49} no non farm payroll today
[08:25] {fish_49} but we have some feds  speaking around the open?
[08:25] {nemo} dude...I'm cleaning toe jam
[08:26] {nemo}
[08:47] {nemo} very low pre-market spy volume
01[09:10] {&Threei}  yawn
[09:10] {nemo} up late with your new binky?
01[09:13] {&Threei}  which is?
[09:13] {nemo} new toy?
01[09:14] {&Threei}  I know... I just like to be reminded :)
01[09:14] {&Threei}  total technological marvel
[09:16] {cipher} gm
01[09:19] {&Threei}  cipher :)
[09:19] {Will49} gm
01[09:20] {&Threei}  will :)
01[09:22] {&Threei}  meek SPY gap
[09:23] {Will49} meek shall inherit the earth
01[09:24] {&Threei}  lol
[09:26] {drewj} gm
01[09:26] {&Threei}  drew :)
[09:26] {nemo} love those slogans, like "It takes a village to raise a child"  Sounds bullshit
[09:27] {nemo} True words are not fine sounding...Fine sounding words are not true
[09:27] {+cc_9} gm
01[09:27] {&Threei}  cc9 :)
[09:27] {nemo} O.K.  CC...remember....
[09:28] {Alexs} gm
01[09:28] {&Threei}  alex :)
01[09:28] {&Threei}  another one I hate: those who can, do; those who can't teach
01[09:28] {&Threei}  sounds so cute, in fact total bs
[09:28] {nemo} and those who can't teach....teach gym
[09:29] {+cc_9} GDX looks good here long side
01[09:29] {&Threei}  need pullback
[09:31] {+cc_9} Also, no job #s today bc gov shut down
01[09:32] {&Threei}  good
01[09:32] {&Threei} Long Setup:  GDX  .30 break
01[09:32] {&Threei}  wow
01[09:32] {&Threei}  that was fast
01[09:33] {&Threei}  ok... pullback
01[09:33] {&Threei}  If holds  .25
[09:37] {+cc_9} GDX trading as if it has not yet opened on the index
[09:38] {robbers} Exactly.
01[09:38] {&Threei}  actually, whole market is
[09:38] {Alexs} are you in Vad?
01[09:38] {&Threei}  ys
01[09:38] {&Threei}  +e
01[09:38] {&Threei}  = yes
01[09:39] {&Threei}  (when ese is not here, I substitute him as a math teacher)
[09:40] {+cc_9} After yesterday's market flush, I think people are very hesitant
[09:40] {ese} morning......
01[09:40] {&Threei}  1:1
[09:40] {+cc_9} ok GDX IPO just opened
01[09:40] {&Threei}  oh hi ese :)
06[09:40] * &Threei removes himself from the podium
[09:40] {ese} CBC NEWS U.S. government shutdown stokes Republican party civil war: Neil Macdonald 9:00 AM ET
[09:40] {robbers} But you can stay on your pedestal.
[09:41] {ese} looks like the republican party is imploding from within
[09:41] {ese} idiots
01[09:42] {&Threei}  and democrats are sages
[09:42] {ese} will be a cake walk for Hilary Clinton next presidential election
01[09:42] {&Threei}  "we need to approve this bill to find out what's in it"
01[09:42] {&Threei}  you like those wise ones?
[09:42] {robbers} Oh, just like ObamaCare.
[09:42] {dino} gm, gremlins...
01[09:43] {&Threei}  dino :)
[09:43] {dino} took ts hl l .60
[09:43] {ese} lol
[09:43] {ese} dino
01[09:43] {&Threei}  you want idiots ese? do tell me how curing debt problem with more debt is not an idiocy
[09:44] {nemo} all empires collapse as they move to liberalism
[09:44] {nemo} standard life-cycle
[09:44] {dino} out ts .92, +.32
[09:45] {nemo} Europe is going broke too
[09:45] {+cc_9} }going broke
[09:45] {nemo} spy looks short
[09:45] {+cc_9} }implying its not broke already
[09:45] {nemo} fine
01[09:45] {&Threei}  right
[09:45] {+cc_9} GDX, you need to be going the other way
[09:46] {Alexs} why you see gdx long cc?
[09:47] {+cc_9} ABX sitting at support on 60min
[09:47] {+cc_9} ~$18.10
01[09:48] {&Threei}  keep an eye on SLW too, GDX often follows it with better alignment than ABX
01[09:49] {&Threei} Long Setup:  JPM  .20 break
01[09:49] {&Threei}  If holds  .10
[09:50] {ese} am still trying to figure out how you guys blame Obama for the mess he inherited......was listening to a couple free trading lecture last couple of days and they all say the sme thing.......even if there was something he could do...there would be nothing he could do....
01[09:50] {&Threei}  oh man
01[09:50] {&Threei}  let's drop it, OK?
[09:50] {nemo} it's what he's doing to address the issue, not what he came in with
01[09:50] {&Threei}  there is nothing to figure out ese
[09:50] {ese} wait........i got the better of you somehow...........what?
01[09:51] {&Threei}  it has been 6 years
[09:51] {nemo} no, you asked the wrong question
[09:51] {Alexs} JPM at R1?
01[09:51] {&Threei}  it's still "nothing he could do"?
01[09:51] {&Threei}  did he run on "I can't do anything with this mess" promise?
[09:52] {ese} of course not........whats he gonna say.........
01[09:52] {&Threei}  have you read his own 2006 speech where he screamed about debt?
01[09:52] {&Threei}  how unpatriotic and dangerous it was?
01[09:52] {&Threei}  have you noticed that he added to that unpatriotic debt more than anyone in history?
[09:52] {ese} hey...."i know this is the second biggest market crash in US history"" not a problem I fix it"
01[09:52] {&Threei}  JPM 1:1
[09:53] {robbers} Out half at .33.
01[09:54] {&Threei}  I can't believe anyone can still advance a "his predecessor fault" argument with staright face
[09:54] {ese} Out 1/2 Tibx .52 +1.01 1250 shs to go
[09:54] {nemo} 50 day spy top
01[09:54] {&Threei}  I think I know why those trading lectures were free
[09:54] {ese} lol
01[09:55] {&Threei}  see what you did to dino? he had to leave, not to tell you what he thinks of this
[09:55] {ese} I like the man....what can I tell ya......
01[09:56] {&Threei}  seriously, one needs to have his eyes closed shut, to believe in this propaganda about wise and kind Obama trying to fix what stupid bush did
[09:56] {+cc_9} Grabbing GDX @ lows here 24.19
[09:56] {ese} well...........thats what he's been left with
01[09:56] {&Threei}  you may like a man whatever you wish... does it mean he is a good president?
[10:00] {cipher} cov .80
[10:00] {+cc_9} GDX a mule today
[10:01] {ese} hmmmmmmmm.......
[10:01] {RonS} i like bozo the clown...he should be Prez because of it...and he has really good kool-aid...
[10:01] {ese} true
[10:02] {nemo} Hey cc you there...for some reason the "Last" price box in my L1 is blacked out
01[10:02] {&Threei}  stop drawing with black marker on your monitor
[10:02] {nemo} go clean the mess off your camera
[10:03] {+cc_9} nemo, close that montage box and open a new one, let me know if that does the trick
[10:03] {Alexs} SLW on daily looks short doesn't it?
[10:03] {nemo} way ahead of didn't
01[10:04] {&Threei}  rather yes, alex
[10:04] {Alexs} so GDX should go down?
[10:04] {+cc_9} nemo, let me check for you, one moment
01[10:04] {&Threei}  to finish ese... I have enough of conversations of this kind with people you are regularly surrounded with to know that they have zero idea of what actual society run by omnipowerful government is
[10:04] {nemo} one one-thousand
[10:05] {nemo} two one-thousand
01[10:05] {&Threei}  they root for it,
[10:05] {nemo} three one-thousand
[10:05] {nemo} four one-thousand
01[10:05] {&Threei}  but if they actually saw it, they'd faint of horror.
[10:05] {nemo} gdx into gap
01[10:06] {&Threei}  They seriously believbe that socialism works, and USSR situation transpored just beause wrong perople did wrong things,
[10:06] {drewj} so vad are you saying that obama is the start of an omni-powered government?
01[10:06] {&Threei}  but they, canadian socialists, would do it right.
01[10:06] {&Threei}  This toxic and clueless environment is what you have around you all day every day
01[10:07] {&Threei}  of course drew
[10:07] {nemo} government naturally moves that way drew
[10:07] {nemo} power centralizes by nature
[10:07] {+cc_9} nemo, can you please give me a screen shot of this "black out"
01[10:08] {&Threei} Short Setup: SLW  .80 break
[10:08] {ese} i'm thinking this a  whole different discussion......
01[10:08] {&Threei}  If holds  .90
[10:08] {cipher} SSO L .68
01[10:08] {&Threei}  it's the same discussion actually
01[10:08] {&Threei}  I just think it goes nowhere
[10:09] {RonS} boils to this: does one person or cabal of people have better decision making than millions having the freedom and choice to make those choices individually and by extension, collectively
[10:09] {fish_49} tell us how you really feel about it Vad
01[10:09] {&Threei}  strongly... because I know where it's headed
[10:09] {ese} good way to put it ron
[10:10] {cipher} ctrp l.94
[10:11] {cipher} SPY going higher
[10:11] {nemo} hey cc:
01[10:12] {&Threei}  tell you what ese
[10:12] {ese} i'ts not that he knows better per say vad............I believe he's a decent man giving it his best shot......
[10:12] {RonS} all about the feelings ya know...that koolaid is mighty strong...
[10:13] {drewj} you're in trouble now ese
[10:13] {ese} i know i know
01[10:13] {&Threei}  are you willing to make an honest effort to find out what kind of society will be built if current course continues?
[10:13] {ese} have put the shiskabob party invite in jeaprody
[10:13] {+cc_9} GDX trying here
[10:13] {nemo} Since good men are scarce and bad men
[10:13] {nemo} are the majority, the good the Sages do to the world is
[10:13] {nemo} little and the evil great.
[10:14] {nemo} cc, I posted the screenshot
[10:14] {Will49} watch ot ese!
[10:14] {drewj} I'll be Alex Trebek
[10:14] {+cc_9} GDX get back to green you mule
[10:14] {nemo} what douchebags for $200
[10:14] {ese} will...your back...Grimbergens tonight ...Oak Bay beach hotel.8pm
[10:14] {+cc_9} nemo, thanks for the screen shot, looking into it
01[10:15] {&Threei}  hmmm... ese elects to ignore my question
[10:15] {Will49} in arizona...long drive
[10:15] {RonS} lol
[10:15] {cipher} out CTRP .26 +.22
[10:15] {ese} haven't ignored it...........don't know how to answer it
01[10:15] {&Threei}  well, it's simple
[10:15] {cipher} sorry +.32
[10:16] {+cc_9} nemo, did you try restarting the platform ?
[10:16] {cipher} one more push SPY
01[10:16] {&Threei}  I am willing to continue this discussion if you make an honest effort at educatiing yourself about what socilism leads to, by reading one book
[10:16] {cipher} and I'm out
01[10:16] {&Threei}  it's not an easy read,
[10:16] {ese} cc is this SPY climb on low volume od you think..........can't seem to get a sense of it
01[10:16] {&Threei}  but you want to have an informed opinion, right?
01[10:16] {&Threei}  because uninformed opinion is like fart coming from the wrong end
[10:17] {ese} lol
01[10:17] {&Threei}  so, here is the deal
[10:17] {+cc_9} ese, i think its a small continuation of yesterday's reversal, but we are still @ low range of channel on 60min, volume is also dismal, I would not make too much of it
[10:17] {+cc_9} if you can catch a few dimes on those SPY moves, that's good enough. Next week we get some "resolution", this shut down can't drag imo
01[10:17] {&Threei}  you give it an honest try, and read Gulag Archipelago by Solzhenitsyn
01[10:17] {&Threei}  then we talk
[10:18] {fish_49} decent volume on the spy  for that climb  right ? or am I looking at it wrong?
[10:18] {ese} ya am thinkin that..........just trying to decide whether or not to dump my lother 1250 shs of tibx
[10:18] {drewj} come on slw
01[10:19] {&Threei}  dino took a deep breath and returned :)
[10:19] {ese} i did read that about 35 years ago now.......don't remember much of it
[10:19] {+cc_9} TIBX looks like it does its own thing on rather light volume.
01[10:19] {&Threei}  so that doesn't really count, does it
01[10:19] {&Threei}  let's trail SLW to .86
[10:20] {cipher} out SSO .93 +.25
[10:20] {fish_49} I was wrong Nemo  Lower volume than yesterday at this time
[10:20] {ese} also re "The Love You Make"......inside story of the written by an insider George Martin there record producer
[10:20] {ese} I remember that more
[10:20] {nemo} he was a bloody poofta
01[10:21] {&Threei}  well, that might be more pleasant read but it has as much to do with our topic as book of recipes for the muscle of sea scallops
[10:21] {RonS} that big, eh?
[10:22] {ese} title of the book was from the last song on the last album of the last side of the last recording they made........quote"and in the end.....the love you take is equal to the love you make"..............
[10:22] {+cc_9} PBPB new IPO, anyone grabbing this ?
[10:23] {RonS} most guys already have one...
01[10:23] {&Threei}  rofl
[10:23] {ese} lol
[10:25] {dino} z sm l .65 gappy
01[10:27] {&Threei}  (US) Senior House Democrat Hoyer (D-MD): Unlikely to reach any sort of 'grand bargain' budget deal by the Oct 17 debt ceiling deadline- Reiterates Democrats want GOP to allow a vote to reopen govt, pass a debt ceiling hike, and then talks on a budget deal can begin.
01[10:27] {&Threei}  lol
01[10:27] {&Threei}  so they want GOP to geive them everything thwy want, then maybe we will talk
01[10:27] {&Threei}  that's how you negotiate
[10:27] {Will49} good luck with that
[10:28] {RonS} work for No Korea...
[10:28] {RonS} works
[10:28] {ese} lol
[10:29] {ese} works here at my house too
[10:29] {+cc_9} PBPB rocketing
01[10:30] {&Threei}  (US) House Republicans plan briefing at 11:00ET
01[10:30] {&Threei}  oh good
[10:30] {+cc_9} IPO priced @ $16.00 trading at #44
[10:30] {+cc_9} $33*
[10:30] {Alexs} what should they negotaite Vad? obamacare?
[10:30] {dino} endp drop
[10:30] {Alexs} it's lost already
01[10:30] {&Threei}  how about drooping tax on medical devices?
[10:31] {fish_49} that will happen
[10:31] {Alexs} who cares actually
[10:31] {fish_49} I think they both agree on that
01[10:31] {&Threei}  well, they so far refused even that
01[10:32] {&Threei}  GOP diminished their suggestions to this snmall matter, and even that wasn't granted
[10:32] {fish_49} they agree on it but using it as a chip  just my humble opinion
01[10:32] {&Threei}  doesn't it tell you that dems simply don't want anything but shutdown, to blamer gop?
[10:32] {Alexs} finally GOP will lost the house
[10:32] {RonS} nah
[10:32] {Alexs} that will be a result
[10:33] {fish_49} of course...
[10:34] {RonS} kinda funny O tough as nails w/ repubs, soft as cake w/ any dictator...
[10:34] {Alexs} that tax on medical davices is bs actually, doesn't matter at all
[10:34] {fish_49} in my opinion  the Repubs  don't want to cave now but if they postpone it for one year  they will let it fly later after elections
01[10:34] {&Threei}  right
[10:34] {nemo} go look up the price in this country of artificial joints compared to other countries
01[10:34] {&Threei}  so why dems wouldn't give them even that?
[10:35] {+cc_9} Gold Miners bouncing here
[10:35] {nemo} why should they?
[10:35] {Alexs} because GOP losers Vad
[10:36] {fish_49} because they want the Repubs to cave so they lose their voters..  Plan to get  back control of both the house and the senate
[10:36] {RonS} precedent?...slipeery slop...rub other guys face in the mud every chance you can...but hey, remeber these are nice people...
[10:36] {fish_49} Are we back to BTFD?
01[10:36] {&Threei}  you know who really losers are and will be in all this?
[10:36] {drewj} Trading question:  If we are stopped out of a short trade are we waiting for the bid or the ask to reach the stop price?
[10:36] {fish_49} of course the people
01[10:37] {&Threei}  ask going over resistance, and prints occuring at the price above resistance
[10:37] {nemo} grindup
01[10:37] {&Threei}  in GDX case, .86
[10:37] {+cc_9} fish, btfd on GDX yes
[10:37] {drewj} ok
[10:38] {drewj} hardball with chris matthews can contiue...
[10:38] {Alexs} frikin SLW 1 cent
[10:38] {nemo} srpt
[10:38] {cipher} SDS l.31
[10:39] {+cc_9} GDX would love to see it back 24.40
[10:39] {cipher} SPY drop
[10:39] {cipher} :)
[10:40] {+cc_9} GDX that's a good girl
[10:42] {RonS} sheesh, still snowing here...high of 40 today
[10:43] {drewj} where are you ron?
[10:43] {RonS} denver
[10:43] {drewj} do you ski?
[10:44] {cipher} out SDS .39 +.08
[10:44] {+cc_9} GDX get over that .25 you mule
01[10:45] {&Threei} Long Setup:  CAT  .75 break
[10:45] {RonS} no...played 10 years of tackle football as d-end, outside linebacker during era of crackback blocks w/ knees intact...did not want to press luck
01[10:45] {&Threei}  If holds  .65
[10:45] {nemo} ahhhhh  knuckle-dragger
[10:46] {cipher} ENDP l.09
01[10:46] {&Threei}  stay strong Will
[10:46] {+cc_9} guys, for S&G, look @ DELL, you see the large sizes on b/a, that's also spread trading
[10:46] {drewj} probably smarter ron
[10:46] {cipher} out .30 +.21
[10:46] {Will49} arrrggghh
[10:46] {drewj} too bad though
[10:51] {dino} apfc sm s ave .00
[10:53] {RonS} apfc...hired Keybanc to sell itself...ya kiddin me?
[10:55] {+cc_9} GDX you mule, get over .25 before I need to buy new monitors
[10:56] {+cc_9} just do it already....
[10:57] {RonS} ha...Alex Rodriguez sues MLB, claiming a 'witch hunt' to force him out of the sport
[10:58] {+cc_9} New hoodies out for sale this weekend "Justice for Alex"
[10:58] {+cc_9} his mom goes on live tv "but he is a good boy, he din do nuffin!"
[10:58] {RonS} Justice for A-roid
[10:58] {+cc_9} lol g1
[10:59] {Alexs} everybody in sport do the same thing
[10:59] {dino} cov apfc 57.51, +1.49
[10:59] {+cc_9} Seriously much money is enough ? Why not just retire and take the hundreds of millions you made with you and enjoy life...
[10:59] {cipher} REGN l.307.90
[11:00] {fish_49} I asked the same question about you CC why take your millions and retire?
[11:00] {Alexs} why shoul he retire if he can make more
[11:00] {cipher} out 308.50 +.63
[11:01] {+cc_9} Fish, know, BECAUSE!
[11:01] {fish_49} lol
[11:01] {fish_49} Alex is right.  Make more means share more
[11:01] {Alexs} :)
[11:01] {dino} ron, how you like apfc trade
[11:02] {RonS} gj dino
[11:02] {+cc_9} }implying Alex is not Arod who's been in this chat the whole time making money
01[11:02] {&Threei}  no go
[11:02] {RonS} low float kept me away...
[11:02] {cipher} JBHT l.94
[11:02] {Will49} rotten kitty
[11:04] {jdetente} afternoon
[11:04] {cipher} JBHT stopped +.06
[11:05] {+cc_9} PBPB up 100% on IPO
[11:05] {+cc_9} they IPO $16, open it at around 28.50, push it to $33.50
[11:06] {RonS} phat...can't help myself...
[11:07] {+cc_9} House Speaker...speaking
[11:08] {+cc_9} can't help myself
[11:08] {+cc_9}
[11:08] {RonS} cat getting jerked around by the tail
[11:08] {+cc_9} GDX you mule, get over .25, i don't have all day
[11:09] {+cc_9}
[11:09] {+cc_9} GDX, thank you
[11:12] {+cc_9} GDX staying with it till 24.40
01[11:13] {&Threei}  (US) House Speaker Boehner reportedly refutes reports that he will utilize Democrat votes to increase the debt limit
01[11:13] {&Threei}  (US) House Speaker Boehner (R-OH): This is not a game - press conference- Majority leader Cantor confirms will continue to vote for piecemeal Govt funding bills that were rejected by the Senate earlier this week; some House democrats will join in a yes vote for some piecemeal votes
[11:20] {fish_49} oh myyyy
[11:20] {robbers} Vad, how do you like your new camera?
[11:20] {fish_49} Rand Paul didn't realize the Microphone was on?
[11:20] {+cc_9} GDX higher lows, trampoline effect imminent
01[11:20] {&Threei}  love it, robbers... total technological marvel
01[11:21] {&Threei}
[11:24] {fish_49} cc Lower lows and higher highs but decreasing volume on GDX  do you look at that?
[11:25] {+cc_9} Fish, high lows on 1min chart
[11:25] {+cc_9} starting 10:30AM
[11:26] {+cc_9} longer term chart yes, it looks like crap, but intraday, looks a bit better.
[11:26] {Alexs} what was the distance Vad?
01[11:28] {&Threei}  about 6-7 metres
[11:29] {+cc_9} Fish, this is what I mean :
[11:30] {fish_49} yes of course I see that
[11:30] {robbers} Have you tried low level light situations, should be amazing.
[11:30] {ese} what'd i miss.....had to drive my son to school...almost out to vads place
[11:30] {fish_49} higher lows  but was asking about the decreasing volume as higher highs and higher lows were being made
[11:30] {fish_49} any meaning to the decreasing volume?
01[11:31] {&Threei}  not yet... looking forward, reviews say very good at ISO3200 and useable at 6400
01[11:31] {&Threei}  unimaginable levels in film terms, lol
[11:32] {+cc_9} Fish, yes, there is no meaning other than the volume is light.
[11:32] {+cc_9} On the other hand, NUGT has higher volume (they track the same underlying asset class), but that is because it hit an all time low
[11:33] {+cc_9} So maybe volume is going from GDX to NUGT @ these levels
[11:33] {+cc_9} But then again, any answer I can give you is pure speculation
[11:33] {robbers} Yeah, you could take shots with just the light from Nemo's warm personality.  And that's the ultimate test.
[11:33] {cipher} incy L.31
[11:36] {fish_49} thanks CC for the education.  I just recall seeing a reversal pattern in Vad's book as price climbing making higher highs and higher lows while volume is decreasing
[11:38] {cipher} ryaay L.05
[11:38] {nemo} thou shalt not use my name in vain
01[11:38] {&Threei}  might have to compensate for a very cold white bakance, robbers {G}
01[11:38] {&Threei}  balance
[11:38] {robbers} LOL, a photographer's joke.
[11:39] {jdetente} Photography jokes....oh boy
[11:39] {nemo} SPY at the 50 day, wouldn't be surprised to see it go out here today
01[11:40] {&Threei}  - The US government shutdown grinds on this morning with more signs that the Republican side's aimless strategy is starting to run aground on its own contradictions
01[11:40] {&Threei}  - In caucus meetings this morning and yesterday, House Speaker Boehner told Republicans that he would not allow the US to default on its debt, even if that requires Democratic votes. Analysts suggest these statements mean he may want to clear out the debt ceiling issue in order to strengthen his hand against the Democrats in the budget battle, but yields suggest investors still are not ruling out a default.
[11:41] {fish_49} I'm watching GDX for educational purpose .  If it rallies  I take page 103 of the book and use it as TP  if it falls  I buy Vad a new lens for his new camera
01[11:41] {&Threei}  hmmm... I like this idea
[11:41] {cipher} incy target .60+
[11:41] {dino} lol fish
[11:42] {cipher} incy to .50
[11:42] {robbers} Funny Fish.
01[11:42] {&Threei}  it's a $1,000 item, fish, just to be fair and warn you in dvance :)
[11:42] {Will49} Well, the pool beckons, have agood weekend guys
[11:42] {Will49} i wife beckons
01[11:42] {&Threei}  take care will, have a good one
[11:42] {robbers} cya Will.
[11:42] {dino} cya will
[11:42] {fish_49} No Vad  It's  made in china version  it's only about $10 us dollars
[11:43] {Will49} see ya guys
[11:43] {jdetente} see ya Will
01[11:43] {&Threei}  no such thing
[11:43] {fish_49} take care old man
[11:43] {jdetente} fish eye lens??
[11:43] {fish_49} yea JD  scales and all the trimmings
[11:43] {cipher} incy to .60
[11:45] {fish_49} GDX usually an inverse relationship with the SPY?
[11:46] {nemo} no
01[11:46] {&Threei}  often... not always
[11:46] {fish_49} Ty
[11:48] {Alexs} are you giving your students a lesson right now fish?
[11:48] {fish_49} yea but they are complaining  about the lack of calls
[11:48] {Alexs} lol
[11:48] {fish_49} I'm trying to calm them down and tell them Vad received a new camera and all calls are on hold
01[11:49] {&Threei}  explain them, quality is preferred over quantity\
[11:49] {ese} am outta here.......have a great weekend all....vad your a passionate guy.....thats one of the things i like about ya.......take care eh....cya monday
[11:49] {fish_49} take cvare ese
[11:49] {ese} later fish
[11:49] {dino} cya ese
[11:49] {ese} dino
[11:49] {drewj} bye ese
[11:50] {ese} drew
01[11:50] {&Threei}  if they want to trade when market is stalled, they just need to tell me that they don't care about result, just about trading
01[11:50] {&Threei}  take care ese
[11:50] {ese} cya vad
[11:50] {jdetente} so what did I miss this morning? Any calls today?
01[11:50] {&Threei}  started with 3 for 3
01[11:50] {&Threei}  then got 1 meh and one stop
[11:50] {jdetente} Nice
[11:50] {drewj} and lots of politics
[11:50] {jdetente} not as nice
01[11:50] {&Threei}  beat up on ese
[11:50] {fish_49} yea I told them that Vad but they are asking me when is the next C  call
[11:51] {fish_49} I need new students
[11:51] {RonS} and ese called for the end of western civilization
[11:51] {dino} out z .05, +.40
[11:51] {jdetente} lol
[11:51] {drewj} and I'm going to explain the benefits of socialism
[11:51] {fish_49} yea Vad  I wanted to join in but thought twice  because you were beating well enough
[11:52] {RonS} besides, can't argue illogic and feerings...
01[11:52] {&Threei}  well, I put this condition for any futher discussions of this crap which hopefully will nip it in the bud
01[11:52] {&Threei}  he reads Gulag Archipelago as a condition for any futher talks
01[11:53] {&Threei}  otherwise, no negotiations
[11:53] {RonS} ok Harry....Reid
01[11:53] {&Threei} Short Setup: C  .75 break
01[11:53] {&Threei}  If holds  .80
[11:54] {nemo} yeah...too funny...anybody I know who grew up in the Soviet Union is aghast at what has happened hear, yet every lefty here trumpets the "benefits"  What a joke.  There will be a ruling class and the serfs, and that's it
01[11:55] {&Threei}  yeah, that's pretty much a refrain among ex-USSR implants... "who would have thought we will see this for the second time"
[11:55] {cipher} out INCY .54 +.23
[11:55] {cipher} out RYAAY .37 +.32
[11:56] {fish_49} I here ya Nemo
[11:57] {fish_49} lol
[11:57] {nemo} yeah, I'm homonymistacally challenged
[11:57] {fish_49} I had to... You would never give up the chance to get a dig in.  lol
01[11:58] {&Threei}  hehe
01[11:58] {&Threei}  good catch fish
[11:58] {nemo} yeah, but, it was crude and need to slip the knife in without the victim having any idea they are dead
01[11:58] {&Threei}  btw, if this C call doesn't pan out, it's those students' fault
[11:59] {fish_49} I will be out 1:1  I see a small bounce at .64
[12:01] {fish_49} GDX needs to come back and retest .12  to save page 103 from the book,
[12:03] {cipher} CLVS drop
[12:05] {dino} apfc going for hod again, pulp sucker
[12:05] {RonS} oof clvs staring at the abyss
[12:05] {cipher} CLVS l.70
[12:05] {dino} gj cipher ryaay and incy
[12:05] {cipher} should be good for .50
[12:06] {cipher} ty
[12:07] {cipher} clvs to 00
[12:12] {dino} hot hand, gj
[12:13] {nemo} lyb seller at 75
[12:13] {cipher} out CLVS .25 +.55
[12:13] {fish_49} nice
[12:14] {cipher} ty
[12:14] {cipher} it was a no brainer
[12:14] {cipher} or Vad woulds say...
[12:14] {cipher} like shooting a fish in a barrell :)
[12:15] {fish_49} oh myyyy
01[12:15] {&Threei}  lol
[12:16] {Alexs} your students will kill you fish
[12:16] {fish_49} I know  but I'm wearing my bullet proof Scales
[12:18] {Alexs} do you have somebody to blame for everything in you room fish?
[12:19] {nemo} I've got ss109 ammo
[12:19] {fish_49} ouch  I just knew .85 would hold
[12:20] {fish_49} it took me out  now watch it fall
[12:23] {nemo} here ya' go, .50 cal armor piercing:
[12:24] {cipher} SDS l.29
[12:24] {nemo} don't think they make it that easy on you cypher
[12:25] {fish_49} nice push up
[12:25] {cipher} looking for scalp only
[12:25] {nemo} lyb is gonna' be a pop and run
[12:26] {nemo} spy like;y gong to .80
[12:26] {dino} dhi l .44
[12:26] {nemo} it may go for yesterday's gap
[12:28] {drewj} vad what do you think about a possible cat reversal?
01[12:29] {&Threei}  rather looks ,like breakout
[12:30] {nemo} spy probably going for stops above 169
[12:30] {fish_49} Page 103 saved  GDX came down to test .12
[12:30] {nemo} light volume today
[12:30] {drewj} so do you wait until price gets to a support or resistance level and then make the call from there?
01[12:30] {&Threei}  you owe me a lens fish
[12:30] {nemo} a "fish-eye
[12:30] {nemo} lens
01[12:30] {&Threei}  I wait for a chart formation to shape up
[12:31] {fish_49} yes  Made in China..  You don't mind if it's pink plastic right?
[12:31] {nemo} might as well get made in Korea, since you'll be their Kimchee face
[12:31] {nemo} there
[12:31] {nemo} FU
[12:31] {fish_49} High Tax  in Korea on electronics
[12:32] {nemo} it's a lens
[12:32] {fish_49} shhhh
[12:32] {nemo} it's a  matador
[12:33] {nemo} frickin' lyb
[12:34] {jdetente} nemo must have bought another handle of rye last night
[12:39] {dino} dhi to .49
[12:40] {cipher} out SDS .22 -.07
[12:41] {fish_49} if congress don't act, Milk Prices going to $8.00 a gallon.   I'm sure that's their top priority
01[12:43] {&Threei} Long Setup:  JPM  .55 break
[12:43] {cipher} CLVS s.92
01[12:43] {&Threei}  If holds  .48
[12:44] {dino} to .55
[12:45] {cipher} TNA s.71
[12:45] {dino} out dhi .56, +.12
[12:57] {Alexs} jpm valid again?
01[12:58] {&Threei}  let's change it to .50 break
01[12:58] {&Threei}  If holds  .45
[12:58] {Alexs} k
[12:58] {cipher} cov CLVS .76 +.16
[13:09] {fish_49} dollar had a nice run today
[13:10] {cipher} CLVS s.25
[13:14] {dino} things are drastically slowing down
[13:15] {cipher} quiet before the storm?
01[13:16] {&Threei}  storm maybe next week
[13:16] {+cc_9} major speculative play, but take a look at AAMRQ
01[13:16] {&Threei}  today, I doubt it
[13:16] {+cc_9} huge move today, court decision i think next month
[13:17] {Alexs} what is the ticker I can't see it CC?
[13:18] {+cc_9} AAMRQ Alex
[13:18] {+cc_9} American Airlines, its on the pankcake sheets exchange
[13:19] {Alexs} oh I see on the other system thx
[13:19] {+cc_9} Yup
[13:25] {cipher} finally
[13:30] {cipher} out TNA .48
[13:30] {cipher} cov CLVS .15 +.10
[13:33] {cipher} MLNX l.37
[13:39] {cipher} stopped .30
[13:44] {+cc_9} brb nap time
01[13:52] {&Threei} Long Setup:  FCX  .95 break
01[13:52] {&Threei}  If holds  .90
[13:56] {+cc_9}
[13:56] {nemo} tht's about right
[13:57] {+cc_9} passes by, no cars around, still crashes
[13:57] {drewj} Is this an aggressive entry on a C&H?
01[14:01] {&Threei}  rather for JBE
01[14:01] {&Threei}  but calssification as agressive is correct
01[14:04] {&Threei}  .02 break should make whole thing worl
[14:05] {Alexs} catapulted
01[14:08] {&Threei}  lol, Will would have liked this one:
01[14:08] {&Threei}  You can train a cat to do anything it wants to do.
[14:09] {RonS} same w/ wife?
[14:09] {Alexs} lol
[14:10] {nemo} When I play with my cat, who knows whether she is not amusing herself with me more than I with her. ~Michel de Montaigne
01[14:11] {&Threei}  let's sell half here
[14:12] {nemo} pay
[14:17] {drewj} stop level?
01[14:17] {&Threei}  .94
[14:17] {drewj} ty
[14:20] {dino} z drop
[14:24] {fish_49} Out in full
[14:24] {fish_49} My students and I thank you Vad
01[14:27] {&Threei}  :)
01[14:37] {&Threei} Short Setup: FCX  .90 break
01[14:37] {&Threei}  If holds  .95
[14:43] {nemo} indexes look short here
[14:46] {nemo} not yet I guess
[14:46] {nemo} 169 stops probably too tempting in spy
01[14:49] {&Threei}  who said what where
[14:50] {RonS} deep
01[14:51] {&Threei}  no news for this spike
01[14:51] {&Threei}  just when FCX was starting to loook perfect
[14:51] {nemo} want to close the gap
[14:51] {nemo} gs near their highs
[14:51] {nemo} must think there's a solution coming
[14:52] {fish_49} so many reasons Nemo
[14:52] {nemo} no...GS knows all
[14:53] {nemo} if GS finishes on the highs, then there's probably a solution over the weekend
[14:54] {nemo} it was scraping it's lows at 2
01[14:55] {&Threei}  how do you equate GS insider knowledge to GS stock movement?
[14:56] {nemo} you think their traders trade their stock?
01[14:56] {&Threei}  that's very flawed logic
01[14:56] {&Threei}  there are a lot of traders trade their stock
[14:57] {nemo} yeah, but they no when to bid it based on info, and when was the last quarter when they had a losing trading day...5 years ago
01[14:57] {&Threei}  and if something goes well somewhere, why would they necessarily trade their own stock, and not anything else?
[14:57] {nemo} why does trading another stock exclude them from trading their own?
01[14:57] {&Threei}  or if something goes badly, why would they necessarily sell their own stock?
[14:58] {nemo} because they can buy it back cheaper next week?
01[14:58] {&Threei}  huh?
[14:58] {RonS} thinkin nemo goes to corner w/ ese...
[14:58] {nemo} no...GS is a great tell, has been for a long time
[14:58] {fish_49} He spending too many nights with Les
[14:58] {RonS}
01[14:58] {&Threei}  and no, that's a misconception about them not having losses
[14:59] {fish_49} do you think GS would do anything like that  Nemo?
[14:59] {fish_49} lol
[14:59] {nemo} I know...but relatively
01[14:59] {&Threei}  heard about their best fund having to close after billions in losses?
01[14:59] {&Threei}  about a year or so ago
[14:59] {nemo} commodity funds...I believe many of the banks are getting out of them
01[15:00] {&Threei}  no, it was equity fund
01[15:00] {&Threei}  anyway, they do have great traders
01[15:01] {&Threei}  and great trading approach
[15:01] {nemo} found one:
01[15:01] {&Threei}  but the idea that they would use their own stock for that is a bit out there
01[15:02] {&Threei}  youp, this is it
[15:02] {nemo} not really.  I'm sure they would sell others too
01[15:03] {&Threei}  that was their elite fund
[15:03] {nemo} but they'll buy and sell theirs based on outlook, and they are basically every central bank around the world
01[15:03] {&Threei}  yes
[15:04] {nemo} as well as part of the financial inner circle of every government
01[15:04] {&Threei}  that's obvious
01[15:04] {&Threei}  my beef is not with that
01[15:04] {&Threei}  my beef is with notion that their own stock reflects what they are thinking/doing
[15:04] {nemo} information flows back to the trading desks...what's the issue
01[15:05] {&Threei}  in fact, I am confident their trading is GS is a very small % os their trading volumes
01[15:05] {&Threei}  is = in
[15:05] {nemo} prove it
01[15:05] {&Threei}  you made a cklaim, you prove yours
01[15:05] {&Threei}  mine is based on common sense
[15:06] {nemo} o.k.
01[15:06] {&Threei}  and understanding how trading desks work
[15:06] {nemo} I'll just watch them, see what happens
01[15:06] {&Threei}  well, that's not a proof at all
01[15:06] {&Threei}  it hasd at least two holes
01[15:07] {&Threei}  1. who told you it's GS own traders' knowledge and trading that made GS stock move this or that way,
01[15:07] {&Threei}  2. There will be a lot of other names that will make the same move or even better
[15:07] {nemo} on 1.  Nobody, but how does it make it false
01[15:07] {&Threei}  sigh
[15:08] {drewj} So do all stocks just trade with the heard mentality?
01[15:08] {&Threei}  someone needs lessons in elemntary logic
[15:08] {nemo} 2.  Yes, based on the solution I'm sure other categories of stocks will move with greater or lesser relative strength
[15:08] {fish_49} What % of their income comes from trading?
[15:08] {nemo} It varies from year to year fish
01[15:08] {&Threei}  drew, I'd rather put it this way:
01[15:09] {&Threei}  interaction of herd and smart money is what determines stock behabior, different at different stages of the movement
[15:10] {drewj} is all smart money big money?
01[15:10] {&Threei}  no
[15:10] {drewj} does smart money usually lead?
[15:10] {dino} no drew, capitulations and euohoric spikes trade by themselves, "better worlds' theory
01[15:11] {&Threei}  no
[15:11] {drewj} how do you mentally separate smart money from the heard?
01[15:11] {&Threei}  at some stages smart money waits for the crowd to materialize its stupidity
01[15:11] {&Threei}  then pounce
01[15:11] {&Threei}  as dino implied
[15:11] {nemo} It waits for Les to log in
[15:12] {drewj} poor guy
[15:12] {nemo} He lives in Switzerland, how bad can it be
01[15:12] {&Threei}  this last question I don't understand
[15:12] {drewj} so smart money acts in relation to the crowd
[15:13] {dino} a lot of what i, cipher, and ron trade are stocks in their own world
[15:13] {nemo} opposite to the crowd
[15:13] {drewj} how's that dino?
[15:14] {dino} they are over reacting in their own world. not following market actions whatsoever
[15:15] {drewj} so in either world big moves are caused by the heard over reacting to news or prices?
[15:15] {nemo} demand outstripping supply
01[15:15] {&Threei}  getting it drew
[15:15] {dino} or vice versa
[15:16] {nemo} on the way down
[15:16] {drewj} you mean under reacting dino?
[15:16] {nemo} demand greater than supply=price up
[15:16] {nemo} supply greater than demand=supply down
[15:16] {nemo} price down
[15:16] {nemo} sorry
[15:16] {dino} i stay away from "under-reactions". my bread and butter are capits and spikes, ie over-reactions
[15:17] {dino} look at z today, market up 80= z down 4+. in its own world
[15:18] {drewj} ok guys..unfortunately i've got to go.
[15:18] {drewj} have a restful weekend all.
[15:18] {dino} best you stay in vads worlds for now drew, until you find your edge
[15:18] {dino} take care
01[15:18] {&Threei}  take care drew
[15:18] {RonS} dino used to be in the circus...professional knife catcher...he was lucky that's all...
[15:18] {drewj} i will dino.
[15:18] {drewj} thanks
01[15:18] {&Threei}  lol
01[15:22] {&Threei}  FCX must have waited for drew to leave
[15:23] {fish_49} Where did he get out?
01[15:24] {&Threei}  let me srcoll through the footage from camera I have installed in his office
01[15:24] {&Threei}  1:1
[15:24] {fish_49} 1:1
[15:25] {fish_49} out here  thanks Vad
[15:25] {Alexs}  fish you should post in your room
[15:25] {fish_49} My traders fell asleep
01[15:25] {&Threei}  you need new traders
[15:26] {fish_49} I'll grab some Korean traders next week
[15:28] {dino} are you really teaching a trading class fish?
[15:28] {fish_49} no
[15:28] {fish_49} lol
[15:28] {fish_49} hahah
[15:28] {fish_49} I'm as rookie as rookie can get
01[15:29] {&Threei}  so? uite a few od those who teach classes haven't made a dime in the markets
[15:29] {fish_49} I did teach a class on OCO and OSO orders for the platform I use
01[15:29] {&Threei}  saw ese referring to some free trading lectures he listened to? where he was told that Obama couldn't have done anything because of Bush?
01[15:30] {&Threei}  think those were experienced traders that taught those lectures?
[15:30] {dino} data drop
01[15:30] {&Threei}  or they were traders at all?
[15:30] {fish_49} Vad having Withdraws from new camera  today
[15:30] {RonS} they were charging too much money...
01[15:30] {&Threei}  didn't prevent them from lecturing though
[15:30] {fish_49} he had ese for breakfast and nemo for lunch
01[15:30] {&Threei}  that's my thought too Ron
[15:31] {RonS} lol fish
01[15:31] {&Threei}  dinner time is not here yet... so you are safe :)
01[15:31] {&Threei}  although I wouldn't turn down a snack
[15:31] {fish_49} lol  I'm not a trout
01[15:32] {&Threei}  oh and..
01[15:32] {&Threei}  somehow ese only fires up my appetite {GGG}
[15:33] {fish_49} When Les started in this room, I thought you would need medical help for blood pressure
[15:33] {Chaeron} hi all... good day?
01[15:33] {&Threei}  hey Chaeron
01[15:33] {&Threei}  not fatastic but profitable
[15:33] {fish_49} Dino
[15:34] {Chaeron} thought you guys helped fuel the panic in  y'all see that?
01[15:34] {&Threei}  see, Les quicly found his medication... ese is not only far from that, he isn't even searching :)
[15:34] {fish_49} ohhh myyyy
01[15:35] {&Threei}  lol chaeron
[15:35] {fish_49} I should have stayed in FCX  now looking more like DBI
[15:36] {Alexs} do you really back in black Vad?
01[15:36] {&Threei}  wth this last one, yes
01[15:36] {&Threei}  wasn't really too far from that, with 3 morning wins
[15:36] {Alexs} actually 2
01[15:37] {&Threei}  hmm?
[15:37] {Alexs} GDX JPM
[15:38] {RonS} ese can't do it 3i...would have to resign from music and teaching...two segments of society totally in the lib bag
[15:38] {fish_49} Dino you around?
01[15:39] {&Threei}  yeah, I understand
[15:39] {RonS} would like to see him in math class when gives proof instruction...kid: proof? don't need no proof, this is how i feel...
01[15:39] {&Threei}  musicians and unionized teacher, not too many conservatives in that environment
[15:39] {fish_49} lol
[15:40] {dino} yes fish, just got back from bus
01[15:41] {&Threei}  stop to .86
01[15:41] {&Threei}  time starts tightening
[15:41] {fish_49} the trading room idea came from Alex..  He suggested I should do like he does.  Open a trading room and just forward (Cut and paste) Vads calls...
[15:41] {RonS} oh boy...
[15:42] {dino} ahh, now i get it, i miss a lot of whats posted being glued to my scanners
[15:42] {dino} z sm l .20
[15:42] {RonS} 3i may be sharing a visit from nemo to you guys...
[15:42] {fish_49} I of course  I said  I could not do that  but I wouldn't tell Vad about his game if he shared half the earnings
[15:42] {nemo} ?
[15:50] {dino} out z .45, +.25
[15:52] {fish_49} have a great weekend guys
[15:52] {fish_49} you too Nemo
01[15:52] {&Threei}  take care fish
[15:52] {dino} cya fish
[15:52] {nemo} hope he eats bad kimchee
[15:53] {RonS} is there good kimchee?
01[15:53] {&Threei}  (US) Tea Party supported Congressman Ross (R-FL) reportedly says the stopgap spending fight has been lost, time to give up on trying to stop Obamacare - financial press- Ross is one of the faction of approx 30 GOP Representatives that has been urging Speaker Boehner to use the Afforable Care Act and the debt ceiling as leverage for getting a budget negotiation.
[15:53] {jdetente} all kimchee is good kimchee
[15:53] {jdetente} if you;re a fish
[15:55] {RonS} good weekend to all...cya monday
01[15:55] {&Threei}  take care ron
[15:56] {dino} outr spike
01[15:57] {&Threei}  closing FCX
01[15:57] {&Threei}  thank you all, have a good weekend
01[15:57] {&Threei}  see you on Monday
[15:58] {jdetente} You too Vad. Have a good weekend everyone.